DOT Announces the Initiation of an Exploration Program on the Corporation's Merritt, BC Properties
27 February 2013 - 11:30PM
Marketwired Canada
DOT Resources Ltd. (TSX VENTURE:DOT) ("DOT" or the "Corporation") is pleased to
announce the initiation of a three week geophysical evaluation of the
Corporation's Merritt properties in BC. This geophysical evaluation will be
completed with new technology referred to as ELF, which is an extremely low
frequency ground equivalent survey to Geotech's airborne ZTEM system. The ELF
system is considered an excellent tool for evaluating potential mineralization,
alteration and structure related to porphyry type deposits and has the ability
to look down to a depth of 1.5 kilometres ("kms"). The geophysical program is
designed to evaluate encouraging known areas of mineralization with the intent
to identify drill targets for later in 2013.
DOT has acquired four (4) new properties to increase the Corporation's land
holdings in the Merritt, BC area to 26,650 acres (including the wholly owned Dot
Property). The four properties (Peacock, Cube, Copper Belle and Promotory Hills)
are all Fe-Cu or Cu+/- Mo, Au, Ag occurrences where historic mineralization, up
to 7.5% Cu values, have been returned (Copper Belle). These properties are
considered excellent additions to DOT's holdings in the Merritt area (see Figure
1).
PEACOCK ROCK SAMPLING RESULTS FROM 2012
The Peacock rock sampling program was conducted in October 2012 on the 3,373
acre property that is located approximately 19 kms northeast of the town of
Merritt, BC. The objective of the survey was to confirm historical assay
information and use these locations to orient the ELF survey. The showings on
Peacock are contained within highly mineralized quartz veins with over 40% of
the samples returning values greater than 1% Cu and up to 4.562% Cu (see summary
Table 1 below and Figure 2).
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Cu Cu Mo Mo Au Ag
Sample Number ppm Re-assay ppm Re-assay ppb ppm
----------------------------------------------------------------------------
2 greater than
10,000 1.334% Tr 42 6.4
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3 greater than
10,000 1.838% Tr 223 20.3
----------------------------------------------------------------------------
7 greater than
10,000 2.228% Tr 355 20.1
----------------------------------------------------------------------------
10 greater than
10,000 0.908% Tr 377 3.1
----------------------------------------------------------------------------
11 greater than
10,000 0.990% Tr 10 5.5
----------------------------------------------------------------------------
13 greater than greater than
10,000 1.264% 2,000 0.290% 92 3.9
----------------------------------------------------------------------------
14 greater than
5190 0.503% 2,000 0.564% 46 1.2
----------------------------------------------------------------------------
18 greater than
10,000 1.052% Tr 129 10.7
----------------------------------------------------------------------------
27 greater than
10,000 1.005% Tr 11 3.6
----------------------------------------------------------------------------
29 greater than
10,000 1.332% Tr 377 9.3
----------------------------------------------------------------------------
30 greater than
10,000 2.306% Tr 633 17.9
----------------------------------------------------------------------------
35 greater than
10,000 2.554% Tr 892 34.8
----------------------------------------------------------------------------
36 greater than
10,000 2.789% Tr 711 37.8
----------------------------------------------------------------------------
37 greater than
10,000 2.962% Tr 869 47.3
----------------------------------------------------------------------------
38 greater than
10,000 3.107% Tr 989 44.0
----------------------------------------------------------------------------
39 greater than
10,000 4.562% Tr 1076 64.9
----------------------------------------------------------------------------
40 greater than
10,000 3.388% Tr 942 49.9
----------------------------------------------------------------------------
Table 1. Peacock Assays - 2012
The objective of the geophysical survey will be to identify extensions of known
copper mineralization to help target drill collars for later in 2013. The ELF
survey will be oriented over the Dot Property to provide survey results which
can be evaluated using previous drilling and geophysical surveying results.
These conceptual results will be used to help evaluate targets on the four other
DOT properties on which the ELF survey will be completed.
John J. Komarnicki, President and CEO, stated "We are very pleased to have
extremely encouraging confirmatory results from our Peacock property and will be
commencing the geophysical survey over all five of our properties. This survey
will be completed in March and the results of the survey will be made available
thereafter. We are focusing on the structures and alteration halos associated
with these mineralized zones. We are attempting to locate down dip and strike
extensions of the known mineralized zones. It is postulated by DOT that a number
of drill targets will be delineated for follow-up later in 2013 upon completion
of the ELF program."
ABOUT DOT
DOT is a Canadian corporation focused on the exploration and development of its
copper properties in central British Columbia. One of its five properties, the
Dot Property, has NI 43-101 copper resources as per Aurora as noted in Tables 1
and 2 below (over a range of copper cut-off grades):
TABLE 1 - Dot Property Indicated Mineral Resource Estimate (1)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Copper cut-off Copper Silver Gold Molybdenum Copper
(%) tonnes (%) (g/t) (g/t) (%) equivalent (%)
----------------------------------------------------------------------------
0.1 6,498,000 0.43 3.28 0.04 0.006 0.50
----------------------------------------------------------------------------
0.2 5,328,200 0.45 3.28 0.05 0.006 0.54
----------------------------------------------------------------------------
0.3 3,955,900 0.53 3.93 0.05 0.006 0.64
----------------------------------------------------------------------------
0.4 2,915,900 0.62 4.63 0.05 0.006 0.74
----------------------------------------------------------------------------
----------------------------------------------------------------------------
TABLE 2 - Dot Property Inferred Mineral Resource Estimate (1)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Copper cut-off Copper Silver Gold Molybdenum Copper
(%) tonnes (%) (g/t) (g/t) (%) equivalent (%)
----------------------------------------------------------------------------
0.1 6,615,900 0.35 1.46 0.01 0.003 0.37
----------------------------------------------------------------------------
0.2 4,279,700 0.46 1.99 0.02 0.004 0.49
----------------------------------------------------------------------------
0.3 2,971,100 0.56 2.54 0.02 0.004 0.60
----------------------------------------------------------------------------
0.4 1,969,800 0.70 3.35 0.02 0.004 0.75
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(1) Effective as of October 4/10 as per Aurora Goesciences Limited per news
release dated December 1/10.
DOT is planning to assess future copper and copper-gold properties for
exploration and development opportunities throughout North and South America.
DOT shares trade on the TSX Venture exchange under the symbol DOT. The
Corporation's website can be accessed at www.dotresourcesltd.com.
Gary J. Vivian, MSc. P. Geol., President of Aurora, is the Corporation's
nominated Qualified Person responsible for monitoring the supervision and
quality control of the programs completed within DOT Resources Ltd. Mr. Vivian
has reviewed and verified the technical information contained in this news
release.
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
These statements relate to analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determinable and
assumptions of management. In particular, the statement concerning the
completion of the geophysical survey and drill targets as anticipated and other
factors or events described in this news release should be reviewed as
forward-looking statements to the extent they involve estimates thereof.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Corporation to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such risks and other factors include, among others,
the inability to complete the geophysical survey and drill targets as
anticipated; general market conditions and such other business risks as
discussed herein and other publicly filed disclosure documents. Although the
Corporation has attempted to identify important factors that could cause actual
events or results to differ materially from those described in forward-looking
statements, there may be factors that cause actions, events or results not to be
as anticipated, estimated of intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
vary or differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements contained in this news release.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Corporation undertakes no
obligation to update forward-looking statements should these beliefs, estimates
and opinions or other circumstances change, except as required by applicable
law. Investors are cautioned that such forward-looking statements involve risks
and uncertainties. The forward-looking statements contained herein are expressly
qualified by this cautionary statement.
To view the maps associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/DOT27_02_Maps.pdf.
FOR FURTHER INFORMATION PLEASE CONTACT:
DOT Resources Ltd.
Ihor P. Wasylkiw
VP & Chief Information Officer
+1 (403) 264-2647
DOT Resources Ltd.
John J. Komarnicki
Chairman & CEO
+1 (403) 264-2647
www.dotresourcesltd.com
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